(Boursier.com) — MasterCard announced yesterday that its board of directors had approved a new share repurchase program worth up to $11 billion for Class A securities. The payment processing colossus also raised its quarterly dividend to 66 cents per share, up from 57 cents per share. The cash dividend will be paid on February 9, 2024 to holders of record of its Class A common stock and its Class B common stock as of January 9, 2024. The new share repurchase program will take effect at the end of the Company’s previously announced $9 billion program in December 2022. As of December 1, 2023, the Company had approximately $3.5 billion remaining under the previously approved stock repurchase program.
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